Gold and silver prices in India saw cautious movements on Friday (November 5), reflecting subdued market sentiment amid global and domestic cues.

On the Multi Commodity Exchange (MCX), gold hovered around ₹1.30 lakh per 10 grams, with 24 carat, 22 carat, and 18 carat variants showing limited movement.

Silver, meanwhile, dipped marginally by ₹100 to trade at ₹1.90 lakh per kilogram.

Gold: Limited momentum amid global caution

According to Aksha Kamboj, Vice President of the India Bullion & Jewellers Association (IBJA) and Executive Chairperson of Aspect Global Ventures, “Traders are tempering expectations of early rate cuts, and therefore, sentiments remain subdued. The current level may see some selective buying, but overall momentum stays restricted."

She added that unless significant

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